33 - Arocagua Group
Update on 33 - Arocagua GroupThe "33 AROCAGUA" communal bank is composed of eight members, six women and two men. The bank's president is Rosario who is 23 years old and married with a two-year-old son. Rosario manufactures or restores signs for buses, shops and kiosks. She has a studio in the Abra neighborhood in the city of Santa Cruz. This loan is her third cycle within the institution.
Rosario will use this loan to purchase materials and make cards for their signs and thus provide a variety of signs to her clientele. Her reason for requesting this loan is to keep improving her business. Rosario will use the profits to continue shopping for a variety of materials. Rosario is a hardworking person who feels happy for the opportunity given to her and her group mates since in some cases they maintain their families alone.
Previous Loan DetailsThe '33 AROCAGUA' communal bank consists of 8 members, six women and two men. They all live in the area of Arocagua, hence their group name. The President of the Board is Cintya, who lives in the family house with her mother in the Arocagua area. She does not have any children. Cintya is a go... More from 33 - Arocagua Group's previous loan »
About EmprenderEmprender has been working in Bolivia since 1999. It is dedicated to becoming a key tool in the development of its clients and the improvement of their quality of life. Operating in three of Bolivia’s major cities – La Paz, Cochabamba, and Santa Cruz – Emprender offers both urban and rural clients the opportunity to obtain financial products tailored to fit their needs and businesses. These products include housing loans, salary loans, “opportunity” (short-term) loans, and higher education loans. To better the quality of life for its clients and non-clients through non-financial services, Emprender offers free medical consultations and health classes given by trained doctors.
Concurrent and Successive Loans
Our Field Partners often work with borrowers over a series of loans as the borrowers build credit, take out bigger loans, and expand their businesses. In order to make it easier for our Field Partners to post loans for borrowers who have been listed on Kiva before, we allow them to post successive and concurrent loans for their Kiva borrowers. This means that our Field Partners are able to post a borrower's second, third, etc., loan on Kiva without having to re-enter all of the borrower's information.
This borrower has been listed on Kiva before, so you'll see an updated loan description, as well as excerpts of the original descriptions from earlier loans. Most borrowers take out loans consecutively, meaning that they receive a second loan after having repaid the first. However, sometimes our Field Partners give out concurrent loans, allowing borrowers to take out one primary loan and a secondary "add-on" loan along with it. These "add-on" loans are typically smaller than the borrower's primary loan and serve a different purpose. Because Field Partners can now post loans as successive and concurrent loans, you will be able to track borrower progress over time and see the various ways a borrower is working with our Field Partners through funds from Kiva’s lenders.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.
93View loans »
Success!! The loan was 100% repaid